Among the major changes announced, the Council decided to increase the GST rate from 12% to 18% on sale of all old and used vehicles, including EVs.
Currently, 18% GST is levied on sale of old and used petrol vehicles of engine capacity of 1200 cc or more & of length of 4000 mm or more; diesel vehicles of engine capacity of 1500 cc or more & of length of 4000 mm and SUVs.
However, finance minister Nirmala Sitharaman clarified the 18% GST would only be levied only on the margin-difference between the purchase price and selling price (depreciated value if depreciation is claimed) and not on the value of the vehicle. The FM also clarified that the GST is not applicable in case of unregistered persons.
Diese Geschichte stammt aus der December 22, 2024-Ausgabe von The New Indian Express Belagavi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 22, 2024-Ausgabe von The New Indian Express Belagavi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Russia, Iran sign partnership treaty to deepen relations
RUSSIAN President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian signed a broad cooperation pact on Friday, as the two nations deepened their partnership in the face of stinging Western sanctions.
Economic growth poised to rebound: RBI report
THE economic growth, which surprisingly slumped to a seven-quarter low of 5.4% in the second quarter, is poised to rebound, as demand regained momentum, though stickiness in food inflation warrants careful monitoring, the latest RBI bulletin has said.
Hero Launches 4 New Products at the Auto Expo
The country's largest two-wheeler maker, Hero MotoCorp, launched four new products at the Bharat Mobility Global Expo 2025.
Change in CM, KPCC chief, my & Rahul's call: Kharge
DKS, ministers not being replaced in state: Surjewala
Will work to bring party to power in state: BYV
BJP state president BY Vijayendra here on Friday ruled out any change in the state party BJP, asserting that he will build the party and bring it back to power in the state.
No action for returning to mainstream, cops tell Arunachal armed group
Arunachal Pradesh police on Friday appealed to the members of a newly-floated armed group to return to the mainstream, assuring that no legal action will be taken against them if they do so on their own accord.
Cops Intensify Efforts To Nab Robbers
8 teams have been formed to study the modus operandi; Hyderabad cops also searching for the accused
4 Gujarat Cops Suspended Over Foreign Visits
FOUR Gujarat police officials have been suspended for embarking on a foreign trip without obtaining the requisite permission from their superiors.
Armed gang storms M'luru bank, loots jewellery worth ₹4 crore
IN a daring daylight robbery, a gang of 5-6 members broke into Vyavasaya Seva Sahakara Sangha Bank at Kotekar near Mangaluru on Friday and took away gold jewellery and other valuables estimated at Rs 4 crore.
JSS Institute Offers Job-Oriented Courses for Differently-Abled People
JSS Polytechnic Institute for the Differently Abled, the award-winning educational institution and the lone institution in the State meant for disabled people, provides educational and employment opportunities for physically challenged people.
